Miami’s mayor wants to receive his wages in bitcoin

Miami is considered to be particularly crypto-friendly. In June, the Bitcoin Conference 2021 in Miami made a lot of positive headlines. For example, Nayib Bukele, President of El Salvador, also used the event to announce the introduction of Bitcoin as legal tender. Just three months later, it was finally a reality. Suarez is also a clear advocate of bitcoin. After China forced the Bitcoin mining centers to cease operations, Suarez gave the operations a warm welcome to Miami.

Now Suarez has committed to processing his next paycheck entirely in Bitcoin, making him the first known US politician to take such a step. “I will withdraw 100 percent of my next paycheck in Bitcoin … problem solved”, tweeted Suarez in response to Anthony Pompliano’s tweet asking who would be the first US politician to accept his salary in BTC.

In February, Suarez’s proposal to add Bitcoin to Miami’s operations was approved, but development has since stalled. More recently, however, Suarez has claimed that paying government employees in Bitcoin is still a “high priority” for the city of Miami.

The Mayor of Miami’s CIO Mike Sarasti asked for help with the implementation. Sarasti said he already had one for the mayor Strike-Link sent so he can register and receive his paycheck in Bitcoin. “My experience of getting part of my salary last week was flawless”, tweeted Sarasti, implying that he has already converted part of his own salary into BTC. “Boss Move,” he said, referring to the mayor’s decision to receive all of his wages and not part of it in bitcoin.

Mayor Suarez wants to establish Miami as the Bitcoin capital. Suarez had already campaigned for salary payments in Bitcoin in February. In fact, tools like Strike can already be implemented. However, Suarez also provides that citizens can also pay city fees and taxes in Bitcoin in the future.

While Ethereum has reached a new all-time high, Bitcoin is also well on its way to retest the previous all-time high of around $ 66,900. In the past 24 hours, the price of the largest cryptocurrency rose to as much as $ 64,200. BTC is currently trading at $ 63,500.

Analyst PlanB, who has always given a very precise Bitcoin price forecast in recent months, even sees a price of at least 98,000 US dollars in November. His forecast is based on the stock-to-flow model he developed in 2019.